- Samson Mow has outlined several macro metrics to watch while predicting Bitcoin’s behavior.
- Cypherpunk supported Mow’s observation, showing evidence of ongoing Bitcoin accumulation on Bitfinex.
- Bitcoin recovered from a drop to $38,505 and traded above $40,000 at the time of writing.
Prominent Bitcoin supporter Samson Mow has outlined several macro metrics to watch while predicting Bitcoin’s behavior. Mow identified ETF inflows, Hashrate, Bitfinex whale accumulation, and the 200 WMA trend as some of the crucial indicators to watch for bullish signals.
These are the #Bitcoin macro indicators I’m looking at:ETF inflows
Hashrate
Finex whale accumulation
200 WMA trend
Tether USDt AUM
Govt interest payments on debt
Debt GDP ratios
Nation-state Bitcoin adoption
Real inflation
M3 money
— Samson Mow (@Excellion) January 28, 2024
The Bitcoin product merchant Cypherpunk supported Mow’s observation, sharing a screenshot to show an ongoing Bitcoin accumulation by crypto whales on the Bitfinex exchange. In a recent post on X (formerly Twitter), the merchant used a Bitcoin logs chart from TradingView to show a significant bullish behavior among the whales on…
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